Helping Clients Navigate Tax Credit Financing
Tax Credit Financing Programs at both the Federal and State level provide powerful sources of equity for many construction projects. This equity can be a significant portion of the overall project funding. Plymouth Soundings, with its broad based and directly relevant experience is focused on delivering the skills you need to successfully access Tax Credit financing and maximize its benefits.
Plymouth Soundings has over 40 years of experience in the areas required in navigating the Tax Credit process. This process will impact almost every area of the project from the initial feasibility study, through construction, project close out, and future operations. Getting the most out of the Tax Credit programs will require specialized expertise.
Clients typically do not have the resources in-house that can devote the time or have the background to effectively manage, execute and comply with all of the conditions and challenges of the Tax Credit financing process. While emphasizing the Tax Credit financing, Plymouth Soundings expertise also extends to the overall rehab/construction process, offering Clients additional benefits and guidance. As a result of its experience in Tax Credit financing, Plymouth Soundings can also assemble a team of highly qualified accounting, tax and legal professionals that will be required during the process.
Services are tailored to the needs of the Client and the project. Darlene Smolik, the firmís principal, works as an extension of your staff, providing what is needed when needed. The depth and breadth of experience enables Plymouth Soundings to add value to many components of the financing and general project process. Working in this way allows Clients to benefit from specialized expertise without the burden of additional full time employees. This approach results in a successful project that has received the full benefit of Historic and New Markets Tax Credit financing programs.
Plymouth Soundings will educate stakeholders to the Tax Credit financing process; assemble an experienced project financial team; develop project budgets, cash flows and operations models; design and coordinate project tracking and compliance reporting mechanisms; and provide training and/or supplemental support from inception right through the post completion compliance period.
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